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تم تحديثه Trend Direction (OTC)
Trend Direction (OTC)
Welcome, and thank you for your interest in the Trend Direction (OTC) indicator. This is a private, invite-only tool designed to provide a clear and objective view of market structure and trend dynamics.
Overview
The primary goal of Trend Direction (OTC) is to declutter your charts and help you visually identify the prevailing market trend through a sophisticated analysis of swing points. By automatically plotting key structural points in the market, it helps traders see the bigger picture and make more informed decisions based on classic price action principles.
This indicator is suitable for all markets (Forex, Crypto, Stocks, Indices) and works on any timeframe.
Features
Intelligent Swing Detection: Automatically identifies and plots significant market swing points.
Market Structure Labels (HH, LL, LH, HL): Get instant context on the trend's health. The indicator clearly labels swing points as Higher Highs (HH), Lower Lows (LL), Lower Highs (LH), and Higher Lows (HL), allowing you to see trend continuation and potential reversals at a glance.
Trend Dashboard: A simple, color-coded dashboard in the corner of your chart provides a real-time assessment of the trend, classifying it as "Confirmed," "Unconfirmed". This helps filter out market noise and provides an extra layer of confirmation.
Customizable Display: You have full control over the visual elements.
Adjust the sensitivity of the swing detection to focus on either short-term or long-term trends.
Toggle the visibility of trend lines and labels.
Limit the number of historical swings shown on the chart to keep your workspace clean.
Customize all colors to match your chart's theme.
How to Use
The Trend Direction (OTC) indicator is designed to be intuitive. Here’s a simple guide to interpreting its signals:
Identifying an Uptrend: Look for a consistent series of HH (Higher Highs) and HL (Higher Lows). The dashboard will likely show a "Bullish" status. A break of this pattern (e.g., the formation of an LH or LL) could signal a potential change in trend.
Identifying a Downtrend: Look for a consistent series of LH (Lower Highs) and LL (Lower Lows). The dashboard will likely show a "Bearish" status. A break of this pattern (e.g., the formation of an HL or HH) could signal that the downtrend is weakening.
Ranging or Choppy Markets: In sideways markets, you will see an alternating series of swings without clear direction. The dashboard will likely read "Neutral" or flip between "Unconfirmed" states. This can be useful for avoiding low-probability setups.
Settings
Swing Detection:
Pivot Lookback: The core setting for sensitivity. Higher values = less sensitive (major swings). Lower values = more sensitive (minor swings).
Display Options:
Show Swing Labels: Toggles the HH/LL/etc. labels.
Show Trend Lines: Toggles the zig-zag lines connecting the swings.
Show Last [X] Swings: Set to 0 to see all historical swings, or enter a number to see only the most recent ones.
Color Settings: Customize the colors of all lines and labels to your preference.
Disclaimer: The Trend Direction (OTC) indicator is a tool for analysis and should not be considered financial advice. It is designed to assist in your trading decisions, not to make them for you. Always use proper risk management. Past performance is not indicative of future results.
Welcome, and thank you for your interest in the Trend Direction (OTC) indicator. This is a private, invite-only tool designed to provide a clear and objective view of market structure and trend dynamics.
Overview
The primary goal of Trend Direction (OTC) is to declutter your charts and help you visually identify the prevailing market trend through a sophisticated analysis of swing points. By automatically plotting key structural points in the market, it helps traders see the bigger picture and make more informed decisions based on classic price action principles.
This indicator is suitable for all markets (Forex, Crypto, Stocks, Indices) and works on any timeframe.
Features
Intelligent Swing Detection: Automatically identifies and plots significant market swing points.
Market Structure Labels (HH, LL, LH, HL): Get instant context on the trend's health. The indicator clearly labels swing points as Higher Highs (HH), Lower Lows (LL), Lower Highs (LH), and Higher Lows (HL), allowing you to see trend continuation and potential reversals at a glance.
Trend Dashboard: A simple, color-coded dashboard in the corner of your chart provides a real-time assessment of the trend, classifying it as "Confirmed," "Unconfirmed". This helps filter out market noise and provides an extra layer of confirmation.
Customizable Display: You have full control over the visual elements.
Adjust the sensitivity of the swing detection to focus on either short-term or long-term trends.
Toggle the visibility of trend lines and labels.
Limit the number of historical swings shown on the chart to keep your workspace clean.
Customize all colors to match your chart's theme.
How to Use
The Trend Direction (OTC) indicator is designed to be intuitive. Here’s a simple guide to interpreting its signals:
Identifying an Uptrend: Look for a consistent series of HH (Higher Highs) and HL (Higher Lows). The dashboard will likely show a "Bullish" status. A break of this pattern (e.g., the formation of an LH or LL) could signal a potential change in trend.
Identifying a Downtrend: Look for a consistent series of LH (Lower Highs) and LL (Lower Lows). The dashboard will likely show a "Bearish" status. A break of this pattern (e.g., the formation of an HL or HH) could signal that the downtrend is weakening.
Ranging or Choppy Markets: In sideways markets, you will see an alternating series of swings without clear direction. The dashboard will likely read "Neutral" or flip between "Unconfirmed" states. This can be useful for avoiding low-probability setups.
Settings
Swing Detection:
Pivot Lookback: The core setting for sensitivity. Higher values = less sensitive (major swings). Lower values = more sensitive (minor swings).
Display Options:
Show Swing Labels: Toggles the HH/LL/etc. labels.
Show Trend Lines: Toggles the zig-zag lines connecting the swings.
Show Last [X] Swings: Set to 0 to see all historical swings, or enter a number to see only the most recent ones.
Color Settings: Customize the colors of all lines and labels to your preference.
Disclaimer: The Trend Direction (OTC) indicator is a tool for analysis and should not be considered financial advice. It is designed to assist in your trading decisions, not to make them for you. Always use proper risk management. Past performance is not indicative of future results.
ملاحظات الأخبار
Added option to change the dashboard position and sizeملاحظات الأخبار
Updated the core logic method to identify the swing points. Improved the accuracy.ملاحظات الأخبار
Added option to edit the dashboard color.ملاحظات الأخبار
Fixed a bug in labeling and drawing lineملاحظات الأخبار
corrected label errorملاحظات الأخبار
Added multi timeframe featureملاحظات الأخبار
Fixed a trend direction flow bugملاحظات الأخبار
Updated the default colors.ملاحظات الأخبار
Updated the dashboard - to identify trend with colors much easy.Fixed a duplicate - past text and line bug during bar replay.
ملاحظات الأخبار
Updated the indicator labelملاحظات الأخبار
Simplified the dashboard and logic to the original stateملاحظات الأخبار
updated the commentsنص برمجي للمستخدمين المدعوين فقط
يمكن فقط للمستخدمين الذين تمت الموافقة عليهم من قبل المؤلف الوصول إلى هذا البرنامج النصي. ستحتاج إلى طلب الإذن والحصول عليه لاستخدامه. يتم منح هذا عادةً بعد الدفع. لمزيد من التفاصيل، اتبع تعليمات المؤلف أدناه أو اتصل DOSALGO مباشرة.
لا توصي TradingView بالدفع مقابل برنامج نصي أو استخدامه إلا إذا كنت تثق تمامًا في مؤلفه وتفهم كيفية عمله. يمكنك أيضًا العثور على بدائل مجانية ومفتوحة المصدر في نصوص مجتمعنا.
تعليمات المؤلف
Email: a.almurqeeb@gmail.com for access to this indicator. Please share your feedback and suggestions if you like the indicator.
تحذير: يرجى قراءة دليلنا الخاص بالنصوص المخصصة للمدعوين فقط قبل طلب الوصول.
Join our community: discord.gg/QnF9V62JWu
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.
نص برمجي للمستخدمين المدعوين فقط
يمكن فقط للمستخدمين الذين تمت الموافقة عليهم من قبل المؤلف الوصول إلى هذا البرنامج النصي. ستحتاج إلى طلب الإذن والحصول عليه لاستخدامه. يتم منح هذا عادةً بعد الدفع. لمزيد من التفاصيل، اتبع تعليمات المؤلف أدناه أو اتصل DOSALGO مباشرة.
لا توصي TradingView بالدفع مقابل برنامج نصي أو استخدامه إلا إذا كنت تثق تمامًا في مؤلفه وتفهم كيفية عمله. يمكنك أيضًا العثور على بدائل مجانية ومفتوحة المصدر في نصوص مجتمعنا.
تعليمات المؤلف
Email: a.almurqeeb@gmail.com for access to this indicator. Please share your feedback and suggestions if you like the indicator.
تحذير: يرجى قراءة دليلنا الخاص بالنصوص المخصصة للمدعوين فقط قبل طلب الوصول.
Join our community: discord.gg/QnF9V62JWu
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.